The fiscal year 2024 earnings forecasts for the A-share market have been extensively released. To date, 2,812 companies have issued their projections, with an impressive number of over 600 anticipating a year-on-year doubling of their net profits. Companies with positive earnings outlooks are predominantly concentrated in industries like electronics, instrument components, chemicals, and machinery. Institutional analysis underscores the importance of focusing investments on identifying fundamental turning points and capturing recovery momentum. The anticipated spring market rally is expected to unfold gradually, heralding a new phase for the market, driven by fundamental factors.
